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Reply To: Fifth Third closed my bank account!

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#745669
Anonymous
Inactive

bb1,

allfreechips explained it, but I’ll do it too, in a more verbose way. :tongue:

Here’s what I did:

I went to affiliatespeedpay.com and filled out the application form. After I clicked “submit,” a link appeared that would allow me to generate an official-looking PDF version of the application form. (You can also see this link when you log in to your account — it’s all still there). Everything I filled out online was automatically filled in on the PDF document.

I printed out the application (the PDF document). I signed it in two spots (there are two pages to sign and date).

Then I made a copy of my drivers license. (When I signed up online, I chose my form of ID as “drivers license” (not passport or anything else) — so I need to send them in a copy of my drivers license to prove that the drivers license number I submitted really belongs to me.

Then, I found a recent bank statement, and I made a copy. This is necessary for address verification. I whited out the account numbers before making the copy.

All of these hoops are necessary because of “KYC” (Know Your Customer) laws. You’re opening a real offshore bank account here; it isn’t as “grey” as web wallets like EcoCard, NETeller, etc. This is an actual bank account with an offshore bank; hence the extra hoops. (Prof, correct me at any time if I’m wrong about this).

This morning I mailed everything in an envelope to the Canadian address, since it is closest to me. The envelope included:

1. The printed, signed application
2. A copy of my drivers license
3. A copy of a recent bank statement

I put two 41c stamps on the envelope, because I wasn’t sure if one U.S. stamp would be good for the trip to Canada.

Now I wait for ASP to verify my information and make my account fully functional. :)